alleryStart learning →Goodwill arising on amalgamation is dealt with under:
AAS 26 Intangible Assets
BAS 28 Asset Impairment
CAS 14 Amalgamations
DAS 22 Taxes on Income
Answer & Solution
Correct answer: C. AS 14 Amalgamations
AS 26 leaves amalgamation goodwill to AS 14, and consolidation goodwill to AS 21.
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